Gold Looks Good - Part 3
AMEX Gold Bugs Index
This 3-part series of charts looks at the 1 year gold price, the 2 year gold price and the AMEX Gold Bug Index ($HUI).
The 2 year weekly $HUI Index chart shows how the index dropped over the last 2 weeks to support at 207. The index could drop to 193 and still be in an uptrend. Gold stocks might get cheaper, but not by much and not for long.